VANCOUVER, Jan. 30 /CNW/ - The Company is pleased to report assay results
from the most recent drilling program in the Los Mantos and Cerro Prieto Zones
at its Tejamen Silver Project in Durango State, Mexico.
The Reverse Circulation (RC) drilling program extended the Los Mantos
Zone to the southwest by approximately 100 metres and was conducted on
50 metre step-out lines, with collar locations at approximately 30 metre
centers.
Oremex CEO, David Duval, states that, "The results further confirm the
widespread distribution of silver values in the Los Mantos Zone and expand the
silver-bearing horizons to the south and southwest beyond the boundaries of
our existing 43-101 compliant resource estimate."
Hole No. 230, which was drilled on the extreme northwestern limit of the
known mineralization at Los Mantos, intersected good silver values, indicating
that the zone extends further to the north and in fact is still open beyond
the confines of what was reported in the 43-101 compliant resource estimate
last year.
A geological model proposed for the Tejamen property suggests that
mineralizing solutions moved along steep feeder zones until a porous and
permeable contact zone was encountered.
"In many cases, we are seeing repetitions of shallow dipping, blanket-
style mineralization emanating off these feeders which is highly encouraging
from the standpoint of developing block models for scoping study purposes," he
emphasized.
This particular geological model appears valid for the Los Mantos Zone
which is located along and adjacent to an andesite/rhyolite contact within
northeast trending fault-fracture zones that often contain high-grade silver
mineralization. An excellent example of such high grade mineralization was
evident in Hole No. 101 in the central core of the Los Mantos Zone which
returned 19.95 oz. silver per tonne over an interval of 292 feet. (See Oremex
news release dated September 8, 2004).
The mineralization at Tejamen consists of galena, sphalerite, pyrite,
minor chalcopyrite, tetrahedrite and argentite in a gangue of mainly quartz
and clay minerals. "Native silver and free gold have been reported in strongly
oxidized areas which could enhance recoveries from heap leach, vat leach and
more conventional recovery techniques," Duval said.
"The latest assay results are being incorporated into an updated 43-101
compliant technical report and our intention is to integrate that particular
data into a Scoping Study for the Tejamen project in the next few months," he
added. In the meantime, the Company is continuing with column leach tests on
composite samples from the Tejamen property, with initial results indicating
that silver recoveries exceed industry standards.
Assay results exceeding 1.0 ounce silver per tonne from the most recent
drill program and results from holes 204 through 209, highlights from which
were reported in a news release on September 13, 2005, are presented in the
following table. Because of the nature of RC drilling techniques, it is not
possible to determine the true width and orientation of the mineralized
intersections reported below. However, interpretation of the Mantos structure
indicates a low angle dip intersected by a vertical hole, representing what is
believed to be an approximate true width.
<<
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Los Mantos Zone
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Hole No. From To Intercept Silver Intercept Silver
(Metres) (gm/tonne) (Feet) (oz./ton)
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210 50 52 2 147.0 6.6 4.73
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60 62 2 60.9 6.6 1.96
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90 92 2 42.5 6.6 1.37
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211 54 58 4 35.2 13.1 1.13
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120 122 2 77.2 6.6 2.48
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160 162 2 32.6 6.6 1.05
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212 50 52 2 254.0 6.6 8.17
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60 62 2 57.6 6.6 1.85
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82 84 2 33.8 6.6 1.09
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213 6 16 10 45.4 32.8 1.46
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20 24 4 44.5 13.1 1.43
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46 48 2 74.0 6.6 2.38
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50 52 2 62.3 6.6 2.00
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112 114 2 38.5 6.6 1.24
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214 0 8 8 47.1 26.2 1.51
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10 14 4 35.6 13.1 1.14
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18 20 2 77.8 6.6 2.50
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24 26 2 43.1 6.6 1.39
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68 70 2 32.3 6.6 1.04
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215 58 60 2 74.4 6.6 2.39
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76 78 2 43.1 6.6 1.39
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216 32 38 6 47.2 19.7 1.52
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56 72 16 170.8 52.5 5.49
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76 78 2 46.2 6.6 1.49
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82 84 2 43.6 6.6 1.40
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86 90 4 80.0 13.1 2.57
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106 108 2 52.2 6.6 1.68
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122 124 2 30.7 6.6 0.99
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146 148 2 36.8 6.6 1.18
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217 62 70 8 69.2 26.2 2.23
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218 62 64 2 47.5 6.6 1.53
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82 84 2 30.4 6.6 0.98
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102 106 4 69.65 13.1 2.24
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108 110 2 70.6 6.6 2.27
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116 118 2 36.5 6.6 1.17
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122 124 2 125.0 6.6 4.02
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130 132 2 78.8 6.6 2.53
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150 154 4 145.6 13.1 4.68
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219 8 10 2 105.0 6.6 3.38
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12 14 2 31.6 6.6 1.02
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26 28 2 96.0 6.6 3.09
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220 4 6 2 30.1 6.6 0.97
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16 18 2 41.7 6.6 1.34
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72 74 2 30.4 6.6 0.98
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222 4 12 8 53.2 26.2 1.71
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223 0 8 8 109.7 26.2 3.53
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42 44 2 52.5 6.6 1.69
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224 2 6 4 32.9 13.1 1.06
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225 26 30 4 54.4 13.1 1.75
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226 108 110 2 34.9 6.6 1.12
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227 2 6 4 35.0 13.1 1.13
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8 10 2 45.0 6.6 1.45
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24 26 2 49.5 6.6 1.59
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30 32 2 39.4 6.6 1.27
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228 8 22 14 67.0 45.9 2.15
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32 34 2 190.0 6.6 6.11
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229 6 10 4 68.5 13.1 2.20
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14 20 6 132.1 19.7 4.25
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22 24 2 54.7 6.6 1.76
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30 34 4 36.6 13.1 1.18
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230 34 42 8 97.6 26.2 3.14
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50 52 2 254.0 6.6 8.17
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60 62 2 73.8 6.6 2.37
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64 66 2 64.2 6.6 2.06
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90 92 2 47.7 6.6 1.53
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Cerro Prieto Zone
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Hole No. From To Intercept Silver Intercept Silver
(Metres) (gm/tonne) (Feet) (oz./ton)
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199 64 66 2 33.8 6.6 1.09
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84 86 2 38.6 6.6 1.24
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110 114 4 137.7 13.1 4.43
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162 164 2 35.6 6.6 1.14
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200 82 86 2 41.05 13.1 1.32
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102 104 2 45.3 6.6 1.46
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203 76 80 4 77.2 13.1 2.48
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204 18 20 2 41.10 6.6 1.32
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24 34 10 39.34 32.8 1.26
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36 38 2 50.30 6.6 1.62
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40 42 2 79.00 6.6 2.54
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46 50 4 309.55 13.1 9.95
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54 56 2 37.20 6.6 1.20
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62 64 2 59.50 6.6 1.91
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86 90 4 63.90 13.1 2.05
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92 116 24 134.23 78.7 4.32
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118 122 4 40.65 13.1 1.31
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124 126 2 52.40 6.6 1.68
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130 134 4 37.50 13.1 1.21
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205 0 2 2 60.10 6.6 1.93
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60 62 2 29.50 6.6 0.95
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66 68 2 40.30 6.6 1.30
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70 74 4 160.75 13.1 5.17
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82 98 16 64.48 52.5 2.07
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100 102 2 27.90 6.6 0.90
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104 106 2 27.50 6.6 0.88
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144 148 4 56.65 13.1 1.82
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152 154 2 28.80 6.6 0.93
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164 166 2 47.60 6.6 1.53
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170 172 2 28.40 6.6 0.91
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182 184 2 37.20 6.6 1.20
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186 190 4 32.35 13.1 1.04
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206 12 18 6 70.17 19.7 2.26
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20 22 2 53.50 6.6 1.72
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24 26 2 42.40 6.6 1.36
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28 30 2 28.30 6.6 0.91
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40 44 4 35.55 13.1 1.14
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82 84 2 52.90 6.6 1.70
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168 170 2 51.30 6.6 1.65
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207 16 18 2 32.40 6.6 1.04
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22 32 10 102.40 32.8 3.29
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42 44 2 30.10 6.6 0.97
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72 76 4 37.10 13.1 1.19
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78 80 2 43.50 6.6 1.40
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208 0 40 40 98.50 131.2 3.17
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50 60 10 45.68 32.8 1.47
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68 70 2 44.80 6.6 1.44
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209 12 14 2 56.70 6.6 1.82
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18 20 2 59.00 6.6 1.90
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26 28 2 34.40 6.6 1.11
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All analytical results in this news release are from samples shipped to
the ALS Chemex prep lab in Guadalajara, Jalisco, Mexico. They were prepared in
the Guadalajara lab by ALS Chemex and shipped by their facilities in
Vancouver, BC for analysis.
Norm Tribe, P.Eng., is the Qualified Person (QP) responsible for
oversight of the Tejamen exploration program and has verified the above data.
The TSX Venture Exchange has not reviewed or does not accept
responsibility for the adequacy or accuracy of this release. This news release
may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and
conditions and, therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.
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